CREATIVE CONNECTION (0439.370.606): financials and annual accounts

CREATIVE CONNECTION

Ghent ·KBO/BCE: BE 0439.370.606

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	96,374	117,683	89,922	80,309	83,415	88,995	98,784	29,704	16,805	40,566	89,055	88,111	87,233	97,348	148,168	150,970	131,560	112,493	100,732
Fixed assets`21/28`	37,111	49,756	4,954	11,047	18,637	27,270	32,678	4,465	2,505	2,042	2,970	6,004	9,325	10,318	11,462	8,158	13,364	19,716	25,928
Tangible fixed assets`22/27`	35,729	48,374	3,572	9,665	17,255	25,888	31,296	3,083	986	523	1,452	4,486	7,807	8,800	9,944	6,640	11,846	18,198	24,410
Land and buildings`22`	-	-	-	-	-	-	-	-	986	523	1,452	4,413	7,375	7,720	8,229	199	299	399	-
Plant, machinery and equipment`23`	-	-	-	0	586	1,172	1,758	2,343	-	-	-	73	163	272	-	106	490	1,326	1,762
Furniture and vehicles`24`	35,729	48,374	3,572	9,665	16,669	24,717	29,539	740	-	-	-	-	268	807	1,715	6,335	11,057	16,017	21,623
Financial fixed assets`28`	1,382	1,382	1,382	1,382	1,382	1,382	1,382	1,382	1,518	1,518	1,518	1,518	1,518	1,518	1,518	1,518	1,518	1,518	1,518
Current assets`29/58`	59,263	67,927	84,968	69,262	64,778	61,725	66,106	25,239	14,301	38,525	86,085	82,106	77,908	87,031	136,705	142,812	118,196	92,777	74,804
Amounts receivable within one year`40/41`	36,237	14,368	27,278	17,040	8,404	10,730	8,862	1,277	13,766	26,544	66,995	70,441	62,140	51,756	43,837	26,593	27,893	55,726	45,092
Trade receivables`40`	34,826	13,393	26,455	16,567	8,111	10,670	3,709	-	13,730	26,514	63,918	64,641	57,201	42,737	43,026	25,946	27,893	55,676	44,345
Other amounts receivable`41`	1,411	976	823	473	293	60	5,154	1,277	36	30	3,077	5,800	4,939	9,019	811	647	-	50	747
Cash at bank and in hand`54/58`	20,855	50,107	54,162	48,256	52,455	48,909	55,586	23,051	385	6,718	7,349	11,625	15,768	35,274	92,868	116,219	90,303	37,051	29,353
Deferred charges and accrued income`490/1`	2,170	3,452	3,528	3,966	3,919	2,085	1,658	910	150	5,262	11,741	41	-	-	-	-	-	-	359
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	96,374	117,683	89,922	80,309	83,415	88,995	98,784	29,704	16,805	40,566	89,055	88,111	87,233	97,348	148,168	150,970	131,560	112,493	100,732
Equity`10/15`	80,813	89,633	80,776	74,260	69,876	62,287	62,434	26,737	13,443	22,342	71,320	84,505	84,859	91,750	132,274	112,812	97,876	80,113	65,061
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Uncalled capital`101`	-	-	-	-	-	-	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392
Contributions outside capital`11`	-	-	-	-	-	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-
Share premium`1100/10`	-	-	-	-	-	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	83,401	83,401	74,543	68,028	63,644	56,054	56,054	20,357	15,357	15,357	15,357	15,357	15,357	15,357	15,357	15,357	15,357	15,357	15,357
Non-distributable reserves`130/1`	-	0	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Reserves not available under the articles`1311`	-	0	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1319`	-	-	-	-	-	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	-	-	-	0	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800
Distributable reserves`133`	83,401	83,401	72,684	66,169	48,985	41,395	41,395	5,697	697	697	697	697	697	697	697	697	698	698	698
Profit (loss) carried forward`14`	-8,788	32	32	32	32	32	180	180	-8,114	785	49,763	62,948	63,302	70,193	110,717	91,255	76,319	58,556	43,504
Amounts payable`17/49`	15,561	28,050	9,146	6,049	13,539	26,708	36,350	2,967	3,363	18,224	17,735	3,606	2,373	5,598	15,893	38,158	33,684	32,380	35,671
Amounts payable after more than one year`17`	7,809	14,680	-	-	-	7,834	16,081	-	-	-	-	-	-	-	-	2,922	8,332	13,460	18,267
Financial debts`170/4`	7,809	14,680	-	-	-	7,834	16,081	-	-	-	-	-	-	-	-	2,922	8,332	13,460	18,267
Amounts payable within one year`42/48`	7,632	13,249	8,679	5,929	13,444	18,641	20,174	2,872	3,139	18,062	14,140	3,511	2,278	5,503	15,798	19,806	25,352	18,920	15,540
Current portion of amounts payable after more than one year`42`	6,871	6,563	-	0	7,834	8,246	8,238	-	-	-	-	-	-	1,749	4,667	7,131	6,867	6,546	4,507
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	-	127	-	-	-	-	-	1,725
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	127	-	-	-	-	-	1,725
Trade debts`44`	565	3,213	4,949	1,785	2,603	6,332	1,759	2,355	1,263	6,995	13,136	1,824	1,207	3,317	3,108	2,559	5,885	6,459	4,356
Suppliers`440/4`	565	3,213	4,949	1,785	2,603	6,332	1,759	2,355	1,263	6,995	13,136	1,824	1,207	3,317	3,108	2,559	5,885	6,459	4,356
Taxes, remuneration and social security`45`	196	3,473	3,730	4,144	3,006	3,750	3,570	517	10	4,646	1,005	1,687	944	437	8,024	5,680	7,600	5,915	4,952
Taxes`450/3`	196	3,473	3,730	4,144	3,006	3,750	3,570	517	10	4,646	1,005	1,687	944	437	8,024	5,680	7,600	5,915	4,952
Other amounts payable`47/48`	-	-	-	-	-	312	6,608	-	1,866	6,421	-	-	-	-	-	4,436	5,000	-	-
Accrued charges and deferred income`492/3`	120	120	468	120	95	233	95	95	224	162	3,595	95	95	95	95	15,430	-	-	1,864
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	3,196	-	-	2,715	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	5,475	28,998	18,860	17,533	18,303	9,405	48,744	14,880	1,252	-521	-9,791	3,310	-3,443	-37,520	33,128	26,165	36,248	30,579	28,639
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	12,644	12,403	8,343	8,448	8,633	8,105	8,094	832	770	929	3,034	3,321	3,609	3,627	8,464	6,429	7,923	8,248	8,372
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	8,944	35,777	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	574	834	1,240	680	804	773	133	130	127	125	125	124	147	184	285	277	263	108	1,058
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	106	162	-	-	2,112
Operating profit (loss)`9901`	-7,744	15,762	9,277	8,405	8,867	527	40,518	13,918	-8,589	-37,352	-12,950	-135	-7,198	-41,331	24,379	19,458	28,062	22,223	19,209
Financial income`75/76B`	74	51	44	26	-	-	0	6	19	4	19	163	485	1,342	2,365	1,304	798	410	241
Recurring financial income`75`	74	51	44	26	-	-	0	6	19	4	19	163	485	1,342	2,365	1,304	798	410	241
Financial charges`65/66B`	955	1,306	120	113	369	495	426	130	330	345	253	233	177	535	777	1,116	1,540	1,916	1,154
Recurring financial charges`65`	955	1,306	120	113	369	495	426	130	330	345	253	233	177	535	777	1,116	1,540	1,916	1,154
Profit (loss) for the period before taxes`9903`	-8,624	14,507	9,201	8,318	8,498	32	40,092	13,794	-8,900	-34,977	-13,185	-204	-6,891	-40,524	25,862	19,485	27,320	20,717	16,184
Income taxes`67/77`	196	5,650	2,686	3,934	908	180	4,395	500	-	1	-	150	-	0	6,400	4,548	5,557	5,665	5,058
Profit (loss) for the period`9904`	-8,820	8,857	6,515	4,384	7,590	-148	35,697	13,294	-8,900	-34,978	-13,185	-354	-6,891	-40,524	19,462	14,937	21,763	15,052	11,126
Transfer from tax-exempt reserves`789`	-	-	0	12,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	-8,820	8,857	6,515	17,184	7,590	-148	35,697	13,294	-8,900	-34,978	-13,185	-354	-6,891	-40,524	19,462	14,937	21,763	15,052	11,126
Appropriation of the result
Profit (loss) to be appropriated`9906`	-8,788	8,890	6,547	17,216	7,622	32	35,877	5,180	-8,114	14,785	49,763	62,948	63,302	70,193	110,717	91,255	80,319	58,556	43,504
Profit (loss) brought forward from the previous period`14P`	32	32	32	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	0	8,857	6,515	17,184	7,590	-	35,697	5,000	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	0	8,857	6,515	17,184	7,590	-	35,697	5,000	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	14,000	-	-	-	-	-	-	4,000	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	14,000	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	-	-
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Financial year	Type	Filed	Reference	Document
30-06-2025	micro format	19-01-2026	2026-00009589	PDF
30-06-2024	micro format	14-01-2025	2025-00007281	PDF
30-06-2023	micro format	26-01-2024	2024-00007526	PDF
30-06-2022	micro format	20-01-2023	2023-00001471	PDF
30-06-2021	micro format	28-01-2022	2022-04600146	PDF
30-06-2020	micro format	18-01-2021	2021-01100462	PDF
30-06-2019	micro format	18-02-2020	2020-05200153	PDF
30-06-2018	micro format	15-01-2019	2019-01600565	PDF
30-06-2017	micro format	12-01-2018	2018-01300494	PDF
30-06-2016	abbreviated format	30-01-2017	2017-03400358	PDF
30-06-2015	abbreviated format	02-02-2016	2016-03600594	PDF
30-06-2014	abbreviated format	14-01-2015	2015-01600513	PDF
30-06-2013	abbreviated format	14-02-2014	2014-03800073	PDF
30-06-2012	abbreviated format	14-02-2013	2013-03500180	PDF
30-06-2011	abbreviated format	14-02-2012	2012-03100155	PDF
30-06-2010	abbreviated format	10-02-2011	2011-02800494	PDF
30-06-2009	abbreviated format	17-12-2009	2009-88900292	PDF
30-06-2008	abbreviated format	23-12-2008	2008-86300220	PDF
30-06-2007	abbreviated format	17-12-2007	2007-83100129	PDF
30-06-2006	abbreviated format	20-12-2006	2006-92002139	PDF
30-06-2005	abbreviated format	22-12-2005	2005-91103572	PDF
30-06-2004	abbreviated format	06-01-2005	2005-00403696	PDF
30-06-2003	abbreviated format	19-12-2003	2003-84504098	PDF
30-06-2002	abbreviated format	19-12-2002	2002-77701516	PDF
30-06-2001	abbreviated format	24-12-2001	2001-78103080	PDF
30-06-2000	abbreviated format	14-12-2000	2000-76002934	PDF
30-06-1999	abbreviated format	24-12-1999	1999-65002869	PDF
30-06-1998	abbreviated format	28-12-1998	1998-63602194	PDF
30-06-1997	abbreviated format	24-12-1997	1997-58400199	PDF
30-06-1996	abbreviated format	24-12-1996	1996-54801656	PDF
30-06-1995	abbreviated format	27-12-1995	1995-61401605	PDF
30-06-1994	abbreviated format	05-01-1995	1995-00303213	PDF
30-06-1993	abbreviated format	06-01-1994	1994-00302827	PDF
30-06-1992	abbreviated format	21-12-1992	1992-41100826	PDF
30-06-1991	abbreviated format	19-12-1991	1991-33202976	PDF
30-06-1990	abbreviated format	17-12-1990	1990-29503790	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	4,901	28,165	17,620	16,853	17,500	8,632	48,612	14,750	-7,819	-36,423	-9,916	3,186	-3,590	-37,704	32,843	25,888	35,985	30,471	27,581
Cash flow	3,824	21,260	14,858	12,832	16,223	7,957	43,791	14,126	-8,130	-34,049	-10,151	2,966	-3,282	-36,897	27,926	21,366	29,686	23,300	19,498
Investment in fixed assets (approximation)	0	57,205	2,250	858	0	2,697	36,307	2,929	1,233	0	0	0	2,616	2,483	11,874	1,268	1,571	2,035	26,313
Change in cash	-29,252	-4,055	5,906	-4,199	3,546	-6,677	32,534	22,666	-6,333	-631	-4,276	-4,143	-19,506	-57,594	-23,351	25,916	53,252	7,698	-
Working capital	51,631	54,678	76,289	63,333	51,334	43,084	45,932	22,367	11,162	20,462	71,945	78,595	75,629	81,527	120,907	123,007	92,844	73,857	59,264
Solvency	83.9%	76.2%	89.8%	92.5%	83.8%	70.0%	63.2%	90.0%	80.0%	55.1%	80.1%	95.9%	97.3%	94.2%	89.3%	74.7%	74.4%	71.2%	64.6%
Current ratio	7.77	5.13	9.79	11.68	4.82	3.31	3.28	8.79	4.56	2.13	6.09	23.39	34.20	15.81	8.65	7.21	4.66	4.90	4.81
Debt to equity	0.19	0.31	0.11	0.08	0.19	0.43	0.58	0.11	0.25	0.82	0.25	0.04	0.03	0.06	0.12	0.34	0.34	0.40	0.55
ROE	-10.9%	9.9%	8.1%	5.9%	10.9%	-0.2%	57.2%	49.7%	-66.2%	-156.6%	-18.5%	-0.4%	-8.1%	-44.2%	14.7%	13.2%	22.2%	18.8%	17.1%
ROA	-9.2%	7.5%	7.2%	5.5%	9.1%	-0.2%	36.1%	44.8%	-53.0%	-86.2%	-14.8%	-0.4%	-7.9%	-41.6%	13.1%	9.9%	16.5%	13.4%	11.0%
Interest coverage	5.13	21.57	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	-	€57,205	€2,250	€858
Depreciation and write-downs of the year	€12,644	€12,403	€8,343	€8,448

CREATIVE CONNECTION

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency83.9%

Current ratio7.77

Return on assets-9.2%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on CREATIVE CONNECTION

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